Malaysia palm oil price tumbles on lacklustre export data


A worker checks a container with palm oil fruits collected at a plantation in Chisec, Guatemala December 19, 2018. - Reuters

KUALA LUMPUR:Malaysian palm oil futures slid on Tuesday, logging a fourth consecutive session of declines, as lacklustre export data and softer soyoil prices kept a lid on sentiment.

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange was down 0.9% at 1,980 ringgit ($477.80) per tonne at the close, hitting a two-week low.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
palm oil , markets , Bursa , futures , derivatives , price , soyoil , data , export ,

Next In Business News

AIBIM: Islamic banking industry remains resilient amid Middle East uncertainties
Ringgit rises to 3.97 against US dollar at the close as US-Iran reaches ceasefire deal
Inta Bina bags RM32mil construction job
MNC Wireless to fund digital push with rights issue
Eckem signs underwriting agreement with M&A Securities for ACE Market IPO
Oil tumbles below US$100 after Trump announces two-week ceasefire
MM Computer signs underwriting agreement
FBM KLCI climbs to intraday high on US-Iran ceasefire relief
Asian markets rally as US-Iran ceasefire fuels risk appetite
Slim Chickens makes Asian debut with launch in Malaysia

Others Also Read